Since 1982, the We Energies Foundation (formerly Wisconsin Energy Foundation) has contributed financial support for the activities of nonprofit, tax-exempt organizations in communities that are served by our company. The foundation is funded by stockholders of Wisconsin Energy, our parent company.
Our mission is to create brighter futures for the communities in which we do business, enhancing the growth and success of our company.
The foundation strives to achieve positive community benefit and business value for each dollar invested.
The We Energies Foundation, established in November 1982 as a separate, nonprofit, tax-exempt corporation, has invested more than $136 million in communities in Wisconsin and Michigan over the past 30-plus years.
Funding for initiatives supported by the We Energies Foundation is derived from the stockholder portion of earnings and dividends paid by Wisconsin Energy Corporation. Grants do not affect the profitability of Wisconsin Energy Corporation nor are they reflected in the prices customers pay for services from We Energies.
In 2013, the foundation issued grants to 818 organizations across the region.
In 2013, the employee matching gift program directed more than $1 million to nonprofit arts/cultural organizations and educational institutions.
The foundation asset base as of Dec. 31, 2013, was $38.4 million.